Listed by Beachfront Realty Inc
$3,250,000
HARDING TOWNSITE
Details
APN 02-32-02-003-0310
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 7,865
Units 10
NOI $190,863
Year Built 1950
Stories 2
Zoning 3900
Multifamily | 10 Units
Marketing description
PRIME LOCATION 10-UNIT MULTI-FAMILY IN THE HEART OF MIAMI BEACH. Fully Renovated multifamily including interior upgrades, new electrical & plumbing, new A/Cs, hurricane shutters, refreshed landscaping, and new roof (July 2025). Solid 1950 CBS construction with 10 2BR/1BA apartments with 5 private backyards. Prime North Beach location-three blocks to the ocean, near Collins/Harding. In-place rents around $2,100–$2,200/mo with renewal upside toward $2,400–$2,500. Turnkey cash flow with clear value-add from rent growth and neighborhood momentum. NOI $186789, Cap rate 5.62%. Pro format Cap Rate 6.13% Pro format NOI $203.889.
Offering Memorandum available upon request.
Listing Contacts
Listed by Beachfront Realty Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$190,863.00
$15,905.25/mo
Valuation Metrics
0
DSCR
5.87%
Cap Rate
5.87%
ROI
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